US' Buckle Inc announces $50.1 mn net income in Q2 FY22

Comparable store net sales for Q2 FY22 increased 1.6 per cent from comparable store net sales for Q1 FY21. Online sales increased 6.5 per cent to $46.2 million for Q2 FY22, compared to net sales of $43.4 million in the same period in 2021, the company said in a press release.

Net sales for the 26-week fiscal period ended July 30, 2022, increased 2.8 per cent to $611 million from net sales of $594.2 million for the prior year 26-week fiscal period ended July 31, 2021. Comparable store net sales for H1 FY22 increased 2.6 per cent from comparable store net sales for H1 FY21. Online sales increased 3.5 per cent to $100.6 million for the 26-week period ended July 30, 2022, compared to net sales of $97.2 million for the 26-week period ended July 31, 2021.

Net income for H1 FY22 was $105.4 million, or $2.14 per share ($2.13 per share on a diluted basis), compared with net income of $108.7 million, or $2.22 per share ($2.20 per share on a diluted basis) for H1 FY21, the release added.

Fibre2Fashion News Desk (KD)